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over a published list of suspected tax evaders. it they're putting on a unified front before a key vote on austerity measures. >> royal bank of scott land has had a loss of just over 1.4 billion pounds mainly due to a clarm on his own debt. the lender has increased its compensation provision by 400 million pounds and will soon enter negotiations to settle libor investigations. it's also likely to be hit. they reiterated the banking industry must make major changes to it culture. >> i guess in general banks didn't live up to the standards of integrity and have the right cultures. so we're paying some of the sins for that. >> some of the world's biggest banks, more capital to deal with financial shocks this according to the rules unveiled by the financial stability board. regulators have decided capital buffers. >> the economy remain as top issue for americans while investors have their sights on the impending fiscal cliff. they're facing off over the best path to pursue in order to solve the issue. richard, we've seen even as business leaders try to froes a nonpartisan solution, they're
companies from hiring right now because the uncertainty about tax treatment of assets, of investments and so forth. don't you along to congress more than you do the executive branch to try and get something done as far as job growth goes? >> well, that's what the president tried to do last fall by introducing the american jobs act. you're right. i think extremists in congress blocked the ability to get the economy going again through investment in infrastructure, roads, bridges, and schools. everybody knows that needs to be built. we just witnessed it in the northeast. so we think there needs to be a major investment in infrastructure so that we can compete globally. i think it's really important for corporations that it are sitting on $5 trillion of profits to get their investment bank into securing the middle class in this country. i trust that this president is going to make it happen. >> they're not going to do that, though, if they feel that, you know, their taxes are going to go higher, their health care expenses are going to go higher. the president has not been able to get the two si
tax policy out of the way. i will tell you, the discussion on the floor, many talking about the dollar. is it qe, or is it romney? are the effects of the weaker stock after the number, are they effects of a stronger dollar after the number really because of qe, or are they because not only do we potentially have a challenger that's close enough to win but if that challenger does win, what's to say to bernanke, what's to say to the fed, what's to say to qe, what's to say to the bye bauy backs? you can go either way on it. all these issues are making it difficult for investors who have a good hunch to necessarily bet a bunch. >> very interesting day. you make a lot of good points. jeff cox, what do you think? >> i want to piggy back on this theme of good news is bad news and maybe people are worried about bernanke is going to go to the basement of the fed and pull the plug on the printing press. if investors out there are concerned that we do stop the qe train and it might get in the way of market rally, let me offer something for them. i've been crunching the numbers on the jobs report
it without massive tax increases. in a way that helped the people of the state create more jobs. he did it with overwhelmingly in a state where democrats controlled the legislature. he brought people together. he can do exactly what the president promised he would do four years ago and has failed to do on the economy and bringing people together. mitt romney can do it. he's done it in the private sector and as a chief executive at the state level. he can do it for america. and i think in wisconsin, iowa, ohio, we respect that and we want that from our leader. >> and one last quick one. i'm not going to ask you about ohio. everybody does and i'm not. i want to though about iowa. rasmussen likely voters today. romney 49, obama 48. i don't think the republicans have carried iowa since 1492. can you actually win in iowa? this could be huge. >> i think so. i just -- on a person a note, i was born in colorado springs, i lived in iowa until i was in third grade and spent the rest of my life in the great state of wisconsin. i lived in now 00 third of all the battleground states in america. and
's a slope. they gradually go into these tax increases and spending cuts. they feel they can turn around and walk back up the slope, retroactively reverse the changes. in that circumstance, in that scenario, it creates a lot of uncertainty for businesses and for taxpayers. what will our taxes be next year? how are we going to make some plans for our business or personal finances? it's that uncertainty that's going to, i think, have adverse effects for the economy. >> okay. that makes a lot of sense. michael jones, how do you want to invest here with all this? >> i think there are times when the market is really simple. don't fight the fed. you certainly don't want to fight the fed when they've got the ecb, the bank of japan, the people's bank of china, and virtually every other central bank on their side. you've had unprecedentedly aggressive monetary stimulus. we have open-ended commitments to continuing that stimulus. that's a tail wind that i think investors ignore at their peril. the only things holding the market back are some uncertainties of the fiscal cliff, over what kind of ter
. that means sell the winners, capital gains taxes may be going up. that's been cited by traders. but i think sharon is right, it is the dollar moving up. we are at a two-month high. when that happens you tend to get pressure on a lot of different sectors in the market. if you look on the downside what's leading the market to the downside, they are the two most dollar sensitive sectors in the market, material stocks and energy. that's because these are all commodity bases and they get impacted by the movie on the dollar here. if you look at what's most active at the exchange traded funds, i'd pay a lot of attention to volume in the big exchange traded funds. tracked about 100 of them at a time. these have the heaviest volume. look. silver, gold, gold stocks, as well as some other ones that are in the overall materials index. that tells me that this is a lot of this decline is dollar related. >> got it. bob pisani, thanks so much. >>> now over to the nasdaq, seema mody following the big movers there. >> quick look at a large cap tech stocks and how they are trading. apple in focus with the ipa
of the uncertainty. tax policy, if you talk to any tax expert, really what you need are not temporary tax cuts, because no investor, no businessperson makes decisions based on the next few months, but you need a permanency and certainty. >> we will have certainty no matter what, though, right? when we get through the election, hopefully we have an answer to the fiscal cliff no matter what happens. >> i've actually full confidence if mitt romney gets elected and what i can't understand is anybody who thinks that the president, who said no to bowles-simpson, did nothing vis-a-vis the fiscal cliff, asked for a clean bill attached to the debt ceiling, how anybody thinks he can show some leadership and get that done when he's had four years to do it, i don't understand the logic. >> and he was the man that actually authorized and pushes bowles-simpson and then did nothing with it. >> you don't see romney embracing bowles-simpson at the moment either? >> i don't think he's embracing that but i think something similar to bowles-simpson. >> we'll talk more about this. julian and emil will be with us f
? lower prices and lower taxes and of course super low mortgage rates. and then moving them into new houses where the jobs are. it doesn't hurt that they are putting money into them. they are starting to close with declining housing stocks. good news for household formati formations. you can go through these. we have a monster good number from wirl pool. owens corning. that is one of those company that is has the dominate iing roofing shingle thing. normally, i would like to buy this one off of hurricane sandy. but wait a second. no thank you. no dunka. check out stanley black and decker. what could be a better play than hardware with housing picking up and the need to be rebuild because of sandy. oh, hold it. stanley black and decker has taken it by storm and that has become the bain of their existence for a couple of quarters by now. in the previous quarter, it has failed to protect the flag. the handbag company has delivered a fabulous report. many tried to make europe bigger than america. now a freezing of europe has lead to who rhorrendous earning. finally, there is a resource b
clip and the tax and regulatory threats and barriers that is a different issue. i'm not saying that the repair of sandy is going to give us a 5% gdp which is what i want. it will get us back to par. and it will probably happen very fast. you want to break through that, sure, we have to solve all kinds of tax issues. all i want to say is, don't under estimate the american spirit. you heard chuck schumer say they are going to rebuild. i love that. >> we love your optimism larry. >> we are going to be okay this is america. >> larry dkudlow. >> we know you all miss him. coming up next we will tell you how they plan to do it and we will be back with more on this cnbc special report. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. a short word that's a tal
billionaires living in this building. the reason it's already been under scrutiny is there getting some tax breaks for buyers as well as the developer, originally aimed at low income tax pairs. so, this is a building already under some scrutiny, some controversy. no indication whether they've done anything wrong here but it means people will be watching this very closely to see if anyone was at fault with this crane or anything could have been done earlier because this building is so high profile. >> whoa heard reports they have evacuated the area below and around that building there just in case. certainly we hope for the best there. the reports we've this is the wind -- that high up, that's why they've encouraged people, even if you believe you liv in a safe haven in a high rise in new york city where flooding isn't an issue, the wind becomes an issue because as you got high enough up there, the wind can be up to 110 miles an hour. no doubt, that is what has caused this partial collapse of the crane above that building there at west 57th and 6th avenue in new york city. we're going to tak
about is extending the bush tax cuts. it is that very tiny percent. 3%. is that really where the job raeters are? >> that is what the romney campaign says. it's responsible for 700,000 jobs if we raise those, we're going to lose 700,000 jobs. >> very hard to get down to those numbers. how is business going for this small group that is responsible for such job creators? >> okay, it is definitely better than a few years ago. they're a lot of new exciting things, with the jobs act is going to be available sometime next year. optimism is up, but there's a lot of uncertainty and people say my biggest problem is demand. i need customers through the door. for that to happen, the economy needs to get better. >> what about the expense side of the business. health care reform. businesses with less than 50 full time businesses are except from the requirements to offer health insurance or pay a penalty? >> exactly. but once you get to 50, 96% of businesses already offer health care, so the requirement they'll have to isn't going to change that much for most businesses. earlier in the show, basic
payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> we're back to watch what some traders are calling the first real test of the market this week because we have the first ipo opening after sandy, restoration hardware. we'll talk with the ceo in a moment. we're told the idea of delaying it was never really seriously broached. the only question was whether to get everyone here it physically. it appears they're going to do that, work on this and we'll see how liquidity operates in the new environment. the salvation army helping those in need during hurricane
't underestimate the fact that for a lot of these funds, this is the end of tax year and a lot of tax loss selling that occurs in the last week of october that is now going to be pent up to when the market resumes trading on wednesday. >> exactly. >> which is why i said earlier, to michael, would you expect basically people trying to get out of positions, a selloff come wednesday? is that what you would expect wednesday if the markets are open, we get a sizeable sell off12of off? eric? >> i think we'll see added volatility. that's going to create some opportunities out there. i think you have to look through near-term issues. because a lot of that normal, natural selling that does occur toward the end of october, will probably occur over a shorter time period. >>. >> we will leave it there. a lot of moving parts we'll check in after this break. super storm sandy sending shock waves across corporate earnings calendar. herb greenberg coming up with that. keep it right here for sandy's storm track, flight cancellations, the impablgt on business and money. ♪ ♪ ♪ [ male announcer ] don't just rej
portfolio. tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. s sds. >>> good morning and welcome back to sidewalk squawk here on cnbc. it is the headlines, a two-day shutdown is over. i've missed it a little bit. >> you've missed the market? >> there's something about being a business reporter and having no stock trading that makes me wish that there was stock trading again, isn't there? >> i'm actually eager for earnings to pick back up again, which is kind of crazy. >> that is really warped. plenty of news for investors to react to when trading begins later this morning. for now, walt disney is buying lucas films, the company that brought the world "star wars" for a little over $4 billion is what they're paying in cash and stock. the deal means that new "star wars" films, starring with "star wars episode 7" will be disne
deteriorated which means more gridlock, more fiscal cliff, more god knows what. higher capital gains taxes. higher dividend tax rates. all things that are antithetical to the stock market. are they not? >> absolutely true. and, you know, lately in the last few months we've seen the unemployment rate in some of the key states that republicans need to hold like maine, they've gone up. that's going in the wrong direction. i don't know to what extent they hold the current senator responsible for that. certainly it creates a sense of discomfort with the incumbents and possibility of change there. so, you know, those odds have really changed and that's just a huge big deal for next year. the markets do not like a divided congress and we've got so much at stake in the lame duck session, it's a major issue for the markets and one clearly i think investors are voting with their feet and getting out of the way. >> jeff, why did gold crash today? >> you know, it had to do with the dollar going up. had gold down, silver down, oil down, copper down. they were all down. i think the dollar went up on a l
of this year, which was the 5%. and since then, you've had the consumption tax going through, so that will be introduced fairly soon. so overall, a lot of noise out there which is masking the state of the economy. but if you strip all that away, you've basically not a great deal has changed. you have a huge economy which has a very dynamic export sector, but the export sector is still a relatively small part of the economy. when exports slow, clearly that will feed through. having said that, the u.s. and china do seem to have bottomed out. >>. >> dan, thanks very much for joining us. and speaking of hurricane sandy, a levee break in new jersey is prompting rescue operations for new jersey. so the fallout continues. >>> still to come, more on the super storm sandy as it sweeps across the eastern u.s. >>> welcome back. these are the headlines today from around the globe. sandy roaring ashore, powerful storm dumps a ton of rain on theest east coast, knocks out power to millions and floods parts of lower manhattan. >> and shares of bp rising, hiking its dividend by more than 12%. >>
aren't concerned about short-term tax considerations, buy clorox on wednesday when everyone else kicks it out. then there is excelon and i wouldn't normally listen to a utility. hey, it's fine. not so much too learn. this one is huge. this is the commonwealth. and only a 6% yield. much higher than almost every other utility. i want to know what the heck is wrong here or if i should get behind the stock. the other utilities have really run. wow, here is a controversial one. gm stock has been climbing, not today, but i think it's in part because of the chinese cold war with japan. the chinese are staying away from japanese cars, especially toyota, i want to know if they are buying gm cars, could get the stock moving. in china. this is really -- this is maybe the most right now. obama/romney stock away from the business and obama's people, made it clear they won't sell the remaining stake in gm. tim massen said the same thing, and the disposal agent. romney's camp indicated they will take gm immediately. they will sell that stock, so that's a pretty by near situation. you will get results
profits on these days, and if you aren't concerned about short-term tax considerations, buy clorox on wednesday when everyone else kicks it out. then there is excelon and i wouldn't normally listen to a utility. hey, it's fine. not so much to learn. this one is huge. this is the commonwealth. and almost a 6% yield. much higher than almost every other utility. i want to know what the heck is wrong here or if i should get behind the stock. the other utilities have really run. wow, here is a controversial one. gm stock has been climbing, not today, but i think it's in part because of the chinese cold war with japan. the chinese are staying away from japanese cars, especially toyota, i want to know if they are buying gm cars, could get the stock moving. in china. this is really -- this is maybe the most right now. obama/romney stock away from the business and obama's people, made it clear they won't sell the remaining stake in gm. tim massen said the same thing, the disposal agent. romney's camp indicated they will take gm immediately. they will sell that stock, so that's a pretty bina
to be some big decisions made both on tax reform and entitlements. but i think there will be a ton of uncertainty heading in to 2013. >> thank you again for getting up for us. be safe on your way back. and as mentioned, we want your hurricane stories. especially if you're on wall street. maybe you remember the last type the new york stock exchange closed in 1985. world wide at cnbc.co cnbc.com, @cnbcwex, as well. and still to come, cnbc's own scott cohn is in new york as hurricane sandy is about to make the landfall. we have big dreams. one is for a clean, domestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lex
in profit. >>> barclays shares trading lower after the bank demands two new investigations. pre-tax figures down 23% to just above one billion pounds. mainly related to charges for missed payment protection policies. revenues below estimates at 6.8 billion pounds. the bank says as well the department of justice and securities and exchange commission have launched two probes into the third party relationship the barclays may have used to win or retain business in the united states. >> staying with financials, the days of 20% profit growth for china's big four banks may be a thing of the past. new estimates show growth could rise by as little as 5% this year as the central bank's mid year rate cuts kick in. smaller lenders could get hit even larger as interest margins shrink. a consortium has decided to walk away after iron ore spurned its $1.2 billion offer. it's giving up further talks after the company called their bid opportunistic. >>> sci-fi nerds did get darth vader and princess leia costumes out. i don't know what i just said. disney is buying lucas films. they're buying it for $4 bil
. the point is to not tax the city in any way. so we'll be going to a whole bus model of private transportation. even though the mayor's office is trying to get transportation back for the city, there's no reason to tax that system. we'll to private busses and that sort of thing. >> you'll go to private security? >> the city really has significant resources. >> significant resources that are kind of busy right now. >> again, you know, the decision of the city that they wanted to go forward with this is theirs and takes into account their resources, and what they think is best for the city, our job is to prepare and deliver the best event we can that brings the city together and helps it move forward. >> the central question is, can the city under such stress have fun? >> i think the central question is actually how do we continue to further the recovery and restore ration, honor those hard hit and begin to help the city rebuild and how best to do that, and the determination was, you know, this weekend, whether it's other sports beginning to continue on saturday or significantly t
and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ oh, just diagramming this accident with my state farm pocket agent app. you can also get a quote and pay your premium with this thing. i thought state farm didn't have all those apps? where did you hear that? the internet. and you believed it? yeah. they can't put anything on the internet that isn't true. where did you hear that? [ both ] the internet. oh look. here comes my date. i met him on the internet. he's a french model. uh, bonjour. oh look. here comes my date. [ male announcer ] state farm. more mobile than ever. get toe. >> you know what has been a real sucker trade? being gloomy about retail. looking back to last night's interview with the ceo of pvh, remember, the same time he announced that deal, he put it out to october. a statement that is incredible given the brett business. a whole host of different price points, dominating department stores. we worked endlessly and october was not a strong month in the economy. we
about earnings risk? what about election risk? what about tax hikes, fiscal cliff risk. what do you do here? we're in november. we don't have much time. how do you play this? >> with election risk, which i think is big. that's going to be a certainty a week from today. and i'm not ready to call the gop and conservatives a win. i think it's getting close. and if it does, remember that banks might be a nice play because there will be less sabre rattling. they won't be using political football as much. i like the home builder as well. i like the stock market. i think things are going to be solved sooner than later. >> final word, mr. la camp. >> well, i agree. if the republicans win, if mitt romney wins, there's going to be some optimism, enthusiasm, maybe a quicker fix to the fiscal cliff, and we have a rally that could last through january. but then we've got longer term problems that he can't fix overnight, and then the market is going to run into some new headwinds. >> thank you to the two jims. >>> coming up, this storm could have a huge impact on the presidential election. you might
this is all about? it is november. you would think people are starting to think about taking profits for tax purposes. >> i don't think it's solely that, but i think that's adding a little fuel to the fire. that may be the reason behind the extra strength today. >> and you got bob benmosche coming up, maria. >> yes, he's going to talk not only about the devastation as a result of sandy, but what his business is looking like, what he's expecting in the next quarter and the quarter to follow. of course, we've seen him trying to continue to tell the story of the government getting out of aig and certainly that has had real implications. looking forward to that. in terms of this market, bill, it's all about the jobs report tomorrow. then you have the election. warren, what about that? what's the betting on the floor in terms of the election? >> to be honest, i think the reaction you're going to get regardless of the outcome is going to be very similar. i think people have come to realize the job is maybe bigger than the individual man. until one side or the other can show they can get the partie
't in the bidding process. >> i think the tax city probably stopped and looked at that sweater and said this guy has cash. this guy has money and -- >> the first four cabs must have thought i didn't because they went right by me. i'd say i'm going to jersey just across the bridge and they would say nope. >> i had a suit on. >> no, but this -- this is not just a sweater. that's like an $800 number or -- >> no. >> i know fashion, too, i just can't afford it. anyway, theres. >> thank you, guy. we appreciate it. >> thank you. >> some don't have zippers on them. >> time for the global markets report. kelly evans is standing by and london. kelly, what have you got today? >> as you've been discussing, the johns report, basically traders are on hold waiting for that release anne frankly, it's not even the jobs report today, it's the election tuesday. it's a lot of the eurozone meetings coming up which really have their attention and has people a little bit nervous about making big news. so europe stoxx 600 up about 0.2%. quick look at the major bourses. you'll see they're actually for the most part to the d
at the federal level. some mandates an certainly some restrictions. and taxes that are causing some issues. we look forward to a positive economy growth in our areas. >> are you at all hopeful that we will be able to avoid the fiscal cliff or do you think, as others do, that they're going to take it right up to the 11th hour? >> well, i think surely it probably will go to the 11th hour. we've seen that in the past. >> yes, we have. >> history repeats itself. that's something -- we need a strong leader out there. i think mitt romney shows that. people are recognizing that. a strong leader to avoid some of that. i'm working on next year's budget now. we'll have it done early. we're not going to the 11th hour. that's where people get concerned, cause a stalemate both in business development and in spending. we need to put the confidence back in the great country we are and in the citizens. we have businesses with cash. they're cash fat in some places but they're not comfortable yet to spend that and grow. so we got to quit this 11th hour type stuff. >> we've heard that story from a number of offi
matter for lots of things, including fiscal -- the fiscal cliff and also attitudes to many aspects of tax licy environment, energy and the like. so the world's a risky place and this is a time of heightened uncertainty. now we talk to clients, we do surveys and our own analysts and they say the material drag on demand looking forward already this year. we think that's why we're a little bit below trend in overall demand growth. and the reality is, any way you slice it there will be some fiscal consolidation in the first half of next year. >> i think it is critical that you get business back on-board. one of the interesting things has been the consumer seems to be holding in there the retail sales numbers have been a lit better, consumer sentiment numbers have been a little better. business equipment and spending numbers haven't. if you can get both those cylinders firing, you could start inching away at the unemployment rate. >> vince, is your baseline hypothesis that something gets done either right before the close of the year or right after the start of the year, no matter who wins, to
for the heart of your portfolio. tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> welcome back to "squawk box" on this monday morning. we're covering hurricane sandy and its effect on the financial markets this morning. let's get you up to speed on what you need to know about the markets and the storms. the big board had been planning to keep electronic trading open but then reversed that decision in the evening last night. futures trading is taking place this morning. cme group is running overnight future session until 9:15 a.m. ea but then they're going to shut down for the day after that. dow component pfizer is among companies that canceled earnings reports this morning. however, the government is planning to release personal income and spending data for september as scheduled. that comes at 8:30 a.m. eastern. we'll of
that they are issuing to mr. lucas. i wondered off camera to jim whether he's motivated by changes in the tax code. i have to imagine the capital gains in lucas films is a significant one if it goes from 15 to 25. i would assume they'll get this deal closed before the end of the year. i don't know. just another thing to keep in mind. amazing deal for disney. >> one thing that he has done, he's a true visionary in that he says this is a brand. think about the brand. it's on the shelf. they keep coming up with it. they do it differently. "star wars" and then they go to theme parks and they develop a new theme park which is another reason to go to theme park. >> consumer products. television. barclays says there's no company that is better at monetizing its ip and rolling through disney ecosystem. >> new york city mayor mike bloomberg making his way across the street near the exchange as he comes into the exchange to ring the opening bell on this first day of trading since last friday. there you see new york city mayor bloomberg coming in. >> interesting tweets coming back and forth about antitrust. men
. tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> let's get more on the travel impact of sandy. here on the cnbc exclusive, the ceo and president of expedia, which is of course the largest online travel agency in the united states. welcome to the program. clearly you can see what's happening to the travel industry be it hotels or flights in a very different way from the rest of us. what are you able to report from your business at the moment? >> at this point it's all hands on deck. over the weekend we tried to get as many operators into our call centers as we can to make sure that we have as much availability as possible because we knew that there would be scheduled trouble, et cetera, going into early in the week right now. what we see is elevated call volumes. double the numbers of calls that we usually do on a m
week, ford said they expected to beat that. 40 cents per share, 2.2 billion pre-tax. couple numbers, revenue 30.2 billion dollars a hair under what the street was expecting at $30.9 billion. the strength for ford and why they finished better than expected north america. you look at north america $2.3 billion is what ford earned in north america in the third quarter, profit margin highest of any quarter in the company's history in north america, 12% overall profit margin at 6.3%. coming up on "power lunch" we'll talk with cfo bob shanks about the impact this storm has had on the dealerships and the auto industry in the new york area. >> they beat in the earnings by ten cents, higher than expected, the revenue light. is it all about the profit margins in north america, that's where they made up that ground? >> north america is what really drove it, becky, and they had a strong finish to the quarter. i asked what are you seeing with the strength in north america? $300 million more in volume, $400 million more in terms of pricing and cost contributions including $400 million from hedgin
Search Results 0 to 32 of about 33 (some duplicates have been removed)

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